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Dec 6, 2013
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it's a big day for the economy. the much anticipated jobs report for november is due out in less than an hour. for that and the rest of the news before the bell let's turn to kayla tausche. good morning. >> hey, good morning. stocks in the red after yesterday's tradings session, the fifth straight losing day for the dows. investors watch for big earnings from american eagles and a slew of important economic data, of course that includes the big november jobs report. economists expect an addition of 180,000 jobs in november, and for the unemployment rate to tick down to 7.2%. christie's is holding an auction of bob littlen member bealia. it will include paintings of lyrics and his guitar from the festival in 1965. that guitar is expected to fetch up to $500,000. back to you. >> can't do the strings per million or fast enough. let's turn to somebody who knows math. >> doesn't take a lot of calculations to tell you it's freezing out there this morning and these numbers aren't very high. we're at 23 degrees in the north
it's a big day for the economy. the much anticipated jobs report for november is due out in less than an hour. for that and the rest of the news before the bell let's turn to kayla tausche. good morning. >> hey, good morning. stocks in the red after yesterday's tradings session, the fifth straight losing day for the dows. investors watch for big earnings from american eagles and a slew of important economic data, of course that includes the big november jobs report. economists expect an...
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Dec 4, 2013
12/13
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and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president has broken his promises. he said we would leave iraq, afghanistan and close guantanamo bay. republicans are saying don't be apologizing for guantanamo bay when you are on foreign tour. bill: what do you think the apology tour did to our view of ourselves in the world? >> when you have the president of the united states going over to other countries and telling countries that we are the ones who are intolerant and we are the ones who made mistake. when you can look at history and without the united states world history would have been different on a lot of different levels. and it doesn't encou
and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president...
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Dec 8, 2013
12/13
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and so that's the origin of the economy. what
and so that's the origin of the economy. what
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the white house says president obama is preparing to deliver a speech on the economy including renewing the call for increasing the minimum wage. the president plans to argue the case that income inequality and wages not moving up are threatening retirement security. the current federal minimum wage is $7.25 and higher in california. polls show the economy remains the single biggest concern for americans despite the recent focus on health care. unemployment is high at 7.3 percent. >> nothing unusual about seeing windows where you go but did you know that microsoft considered getting into the lingerie business? >> no. efforts are underway to avert another government shut down. now we have the bloomberg business report from jane king. >> good morning, never thought microsoft and bra would be in the same sentence but here it is. first, though, possible progress inives to avoid another government shut down. budget negotiators are close to a zeal where democrats will raise fees for airline passengers and republicans grow we do more federal spending. the deal is finalized and provide a framew
the white house says president obama is preparing to deliver a speech on the economy including renewing the call for increasing the minimum wage. the president plans to argue the case that income inequality and wages not moving up are threatening retirement security. the current federal minimum wage is $7.25 and higher in california. polls show the economy remains the single biggest concern for americans despite the recent focus on health care. unemployment is high at 7.3 percent. >>...
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Dec 4, 2013
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he was doing the same here on the economy. he got some strong push back today. he said republicans have all kinds of plans to deal with these issues. he goes on almost every other friday night and repeals the bill itself. he signed 7 bills and so he knows the bill won't work. he has to listen what is going on. a new poll came out this week that the more people know the stronger they disapprove of it. another poll republicans are jumping on today is one suggesting that 18 to 29-year-olds are not buying into the law. 56% of them saying that they disapprove of the act. he is trying to get the young healthy people to sign up for this law. they are going to do that in the long run but it is clearly a challenge. ed henry thanks so much. >> pay your fair share and at the same time i found it a bit ironic because in essence it could be the middle class that is getting hit by obama care more than anyone else. this speech sound ed a lot likea speech he gave in kansas. he was hitting on income inequality saying the growing deficit problems according to president obama and
he was doing the same here on the economy. he got some strong push back today. he said republicans have all kinds of plans to deal with these issues. he goes on almost every other friday night and repeals the bill itself. he signed 7 bills and so he knows the bill won't work. he has to listen what is going on. a new poll came out this week that the more people know the stronger they disapprove of it. another poll republicans are jumping on today is one suggesting that 18 to 29-year-olds are not...
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Dec 6, 2013
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help the local economy. buy more lights. all from china. another christmas. a lot more money. >> the beckle christmas spectacular is next. ♪ you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. get geico. fifteen minutes could save you fifteen percent or more on car insurance. . . [ male announcer ] no matter what city you're playing tomorrow. [ coughs ] ♪ [ male announcer ] you can't let a cold keep you up tonight. vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ >>> everybody ready? 5, 4, 3, 2, 1. >> all right, that was the first family lighting the national christmas tree just moments ago. many of you know christmas is my favorite time of year. i've been putting lights up around the d.c. area and the homes i've owned there for 20 years now. this will be my last time in the d.c. area doing a house. i'm going to be here in manhattan decorating my apartment. it was bittersweet. our cam
help the local economy. buy more lights. all from china. another christmas. a lot more money. >> the beckle christmas spectacular is next. ♪ you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. get geico. fifteen minutes could save you fifteen percent or more on car insurance. . . [ male announcer ] no matter what city you're playing...
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. >> and the positive report on the economy that sends a financial market soaring. >> michael finney will answer questions here live in just a few minutes. >> and taking a look at your skyway traffic on your friday, coming up on 4:ten traffic on the right headed down to the peninsula and moving to those whoworried...... poked and prodded... taken risks... and lived in a state of "what if?"... welcome to a new state... of health. welcome to covered california. the place to find quality, affordable coverage. financial help for those in need. and nobody can be denied because of a pre-existing condition. enroll now at coveredca.com or call 1-800-752-6631. >>> people across south africa are remembering the late nelson mandela today. mourners have been gathered all day. krur taking a look there. they've built a wall of flowers and messa messages these are live pictures from outside of the home. >> south after yak's president announced a series of events to honor mandela. sunday will be a national day of prayer and reflection. tuesday a memorial service in a stadium. the body of the leader
. >> and the positive report on the economy that sends a financial market soaring. >> michael finney will answer questions here live in just a few minutes. >> and taking a look at your skyway traffic on your friday, coming up on 4:ten traffic on the right headed down to the peninsula and moving to those whoworried...... poked and prodded... taken risks... and lived in a state of "what if?"... welcome to a new state... of health. welcome to covered california. the...
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Dec 4, 2013
12/13
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looking for better signs in the economy we are starting to see that happen. that's leading to selling on wall street. couple of companies that did well yesterday despite some selling were apple and tesla. tesla shares shot higher by 16% after german regulators cleared any manufacturing defects from those model s fires and apple shares went up about 2.5% on reports it's struck a deal with china mobile the biggest wireless carrier in china. the numbers are pulling back today. let's look at the big board. right now the dow is lower by 43 points. nasdaq is down by about 8. s&p falling by 6. and tesla shares are down 3%. apple down by .5%. back to you. >> thank you, jason brooks. >>> time is 6:47. time to get a check on traffic if you are headed out. >> reporter: two crashes on the right-hand shoulder close to each other one at whipple another at alvarado niles so we are seeing slowdowns just in the southbound lanes of 880. if you are heading towards the san mateo bridge, it's also crowded from looks like 238 down towards 92. once you get on the bridge, everything
looking for better signs in the economy we are starting to see that happen. that's leading to selling on wall street. couple of companies that did well yesterday despite some selling were apple and tesla. tesla shares shot higher by 16% after german regulators cleared any manufacturing defects from those model s fires and apple shares went up about 2.5% on reports it's struck a deal with china mobile the biggest wireless carrier in china. the numbers are pulling back today. let's look at the...
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Dec 7, 2013
12/13
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and that is the origin of the economy. what really changed, major change, was when the fort was finally closed in 1898 and when they discovered a different route into the mining district and people didn't have to go on steamboats anymore. this town was about to go under. and no body knew this, but while all of this was going on, there are federal surveys going on in the entire pacific northwest determining what is the timber in this region and that is the white pine. mil a report was made from the survey in 1898 the year the fort was closed, that report was made public. and all of the major timber companies came to this area. so that is really what produced -- when you walk through the town today, that is a town that was produced. the town's population was 500 in 1900 by 1910 there were 18,000. it is a modern, progressive city today. tourism is a big part of the economy. the timber industry is still volleybal valuable. mining has had problems. we wanted diversity as the main focus. because in the past it was mining and log
and that is the origin of the economy. what really changed, major change, was when the fort was finally closed in 1898 and when they discovered a different route into the mining district and people didn't have to go on steamboats anymore. this town was about to go under. and no body knew this, but while all of this was going on, there are federal surveys going on in the entire pacific northwest determining what is the timber in this region and that is the white pine. mil a report was made from...
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Dec 7, 2013
12/13
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the unemployment rate, the fact that our economy is just starting to come back but not fast enough, the problem with the overseas adventures that we have been been involved in and other crises around the world. but i also see as i go around the country people who are hard at work, people in business -- and i talk to business leaders, financial leaders, mass audiences -- i still find that people are optimistic about the this country. they have confidence in who we are and what we are. an almost ray began-like confidence among the people. and if there's one thing that's really bugging them it's that they sense their leaders in washington don't understand how much confidence and optimism is still out there, and they're waiting for the leaders in washington to cut through the gordian knots of conflict and lack of compromise and get this country moving. so i have always tried to be optimistic and convey an attitude of optimism, and i am optimistic about this country. .. h'm >> for the first time in the history of american and jurisprudence a state government of florida the department of just
the unemployment rate, the fact that our economy is just starting to come back but not fast enough, the problem with the overseas adventures that we have been been involved in and other crises around the world. but i also see as i go around the country people who are hard at work, people in business -- and i talk to business leaders, financial leaders, mass audiences -- i still find that people are optimistic about the this country. they have confidence in who we are and what we are. an almost...
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income inequality jeopardized the middle class and urging washington, dc to take steps to ensure the economy works for everyone. >> a child born in the top 20 percent has two in three chance of staying at or near the top. a child in the bottom 20 percent has less than 1 in 20 shot at making it to the top. >> the president also calls for a hike in the firm minimum wage saying an increase is a good step for families and the who as a whole. right now it is 7.25 an hour and democrats pushed to increase the minimum wage to $10 an hour. >> last night was cold and it will only be colder so we will check with mike nicco and the forecast. >> a bay area city takes the first step to banning electronic of using toothpaste to clean a denture. but dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why dent
income inequality jeopardized the middle class and urging washington, dc to take steps to ensure the economy works for everyone. >> a child born in the top 20 percent has two in three chance of staying at or near the top. a child in the bottom 20 percent has less than 1 in 20 shot at making it to the top. >> the president also calls for a hike in the firm minimum wage saying an increase is a good step for families and the who as a whole. right now it is 7.25 an hour and democrats...
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Dec 8, 2013
12/13
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we know how important small businesses are to our economy. it's run mostly by women from the island nation dominican republic. their shops are popping up all over america. in urban cities. they seem to be defying tough economic times and competition. some called them recession-proof. with the ability to handle all sorts of hair textures, there is something else crossing the ocean and blossoming inside these dominican hair salons. >> it's a very happy environment. i think a lot of times it's not just about the hair, it's everything else with the hair. the talking, the getting together with people you really like, the people you love. >> and a few minutes ago, you could watch the entire story go up live. small business success on fox news latino.com. >>> the threat of government shutdown is looming once again. this is like a broken record now. live look at our nation's capitol. an update on the budget battle that resumes on monday on capitol hill. >>> could traffic jams be a thing of the past? what we are learning in a new report about young dr
we know how important small businesses are to our economy. it's run mostly by women from the island nation dominican republic. their shops are popping up all over america. in urban cities. they seem to be defying tough economic times and competition. some called them recession-proof. with the ability to handle all sorts of hair textures, there is something else crossing the ocean and blossoming inside these dominican hair salons. >> it's a very happy environment. i think a lot of times...
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Dec 6, 2013
12/13
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the american economy gathered 2003 thousand shaps. 2003 thousand jobs. the new rate at 7%, that's enormous drop and a 5-year low on the unemployment rate. it's a spectacular number. 203 thou sand jobs in off. happening now, a statewide amber alert after a teenager was taken in washington state. bob redell is live. authorities think she may be headed to mexico. >> that's what her family called law enforcement. they believe she is with her new boymt and that the pair may be traveling through california possibly the bay area on the way south of the border. there is who law enforcement want you to be on the lookout for. we should have a photo. 19-year-old eduardo flores rosales and romero, captured about which a surveillance camera around 2:30. you could see her walking in from the left. goes across the parking lot, then gets sbo that parked suv on the right. that's the vehicle chp wants you on the lookout 4. it's a 2001-2003, green ford escape with a roof rack. there is no license plate. they have not lit up the highway signs. they tell us it's too generic.
the american economy gathered 2003 thousand shaps. 2003 thousand jobs. the new rate at 7%, that's enormous drop and a 5-year low on the unemployment rate. it's a spectacular number. 203 thou sand jobs in off. happening now, a statewide amber alert after a teenager was taken in washington state. bob redell is live. authorities think she may be headed to mexico. >> that's what her family called law enforcement. they believe she is with her new boymt and that the pair may be traveling...
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Dec 5, 2013
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economy. we believe, like many that the economy could have slid into depression. jenna: do you think consumers come to you because of that? >> oh, my gosh. they're so proud of ford, not only did we invest in new cars and trucks they wanted value and did it our way and didn't take precious taxpayer money. jenna: you have a lot of respect in industry overall. i don't like to go into gossip. i have to ask you about reports. i love talking about cars and don't necessarily like talking about computers. some folks say you might be next ceo microsoft. is that true. >> i absolutely love serving ford. i have no change in my plans. jenna: maybe for now. tell us if you do. >> i look forward to see with you another new car. jenna: meantime i'm surprisessed jon is still on set. he is looking over to figure out how to get a test drive of the new ford mustang. thanks for bringing us that car. >> absolutely. jenna: jon, do you have something to ask? jon: cars are a lot sexier than computers. if i were him keep the job. >> the pony has been let out of the corral worldwide. jenna:
economy. we believe, like many that the economy could have slid into depression. jenna: do you think consumers come to you because of that? >> oh, my gosh. they're so proud of ford, not only did we invest in new cars and trucks they wanted value and did it our way and didn't take precious taxpayer money. jenna: you have a lot of respect in industry overall. i don't like to go into gossip. i have to ask you about reports. i love talking about cars and don't necessarily like talking about...
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Dec 3, 2013
12/13
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only likely to go after you for taxes on big items like cars or art, when it comes to the fluctuating economy of california, you never know when a simple cyber monday purchase could haunt you. >> there have been moments when they needed every dime they could get. >> reporter: julie watts, kpix 5. >> earlier this year, the u.s. senate passed the marketplace fairness act. it would require retailers with over a million dollars in sales to collect state tax but the bill is stalled in congress. >>> coming up at 5:19, how low will they go? a look at whether gas prices are still dropping now that thanksgiving is over. >>> and i'm dennis o'donnell. coming up, the 49ers look to gain some ground in the nfc west and the a's add some pitching to the roster in a big, bi shake-up. we'll tell you who is coming and going. >> what's cool about your school? email your nomination to us at coolschools@kpix.com. we may come and feature your school on the show. ,,,,,,,,,,,, >>> cold front sliding into the bay area. a major change in the weather coming our way. get ready for freezing temperatures. we'll talk about
only likely to go after you for taxes on big items like cars or art, when it comes to the fluctuating economy of california, you never know when a simple cyber monday purchase could haunt you. >> there have been moments when they needed every dime they could get. >> reporter: julie watts, kpix 5. >> earlier this year, the u.s. senate passed the marketplace fairness act. it would require retailers with over a million dollars in sales to collect state tax but the bill is stalled...
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Dec 4, 2013
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. >> another sign of a recovering economy. thanks, wendy gillette of cbsmoneywatch.com. >>> 5:40. hot for the holidays this year, fitness trackers and one special function gives you a boost to burn more calories. >> beer drinkers versus wine drinkers. when it comes down to it, who is the smartest? >> and still ahead, think twice before you complain to your airline. how your quibbles could cost you your frequent flyer status. ,, ,,,, ,,,,,,,, [ male announcer ] some things are simply better at home. like the enticing aroma and distinctive taste of nespresso. elegant capsules meet masterfully crafted machines, and one touch creates the perfect coffee, cappuccino, and latte. ♪ tempt all your senses with one extraordinary coffee. [ penélope cruz ] nespresso. what else? [ male announcer ] discover the world of nespresso on grant avenue and nespresso-us.com. number of retailers are offg customers a wa >>> the holiday shopping season is now in full swing. and a growing number of retailers is offering customers a way to buy big ticket items that's generating some controversy. kpix 5's
. >> another sign of a recovering economy. thanks, wendy gillette of cbsmoneywatch.com. >>> 5:40. hot for the holidays this year, fitness trackers and one special function gives you a boost to burn more calories. >> beer drinkers versus wine drinkers. when it comes down to it, who is the smartest? >> and still ahead, think twice before you complain to your airline. how your quibbles could cost you your frequent flyer status. ,, ,,,, ,,,,,,,, [ male announcer ] some...
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Dec 2, 2013
12/13
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ALJAZAM
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economists estimate the distillery business has the potential to boost the state economy by hundreds of millions of dollars. like many new businesses coming to detroit, the financial issues didn't deter them setting up shop. where some sees obstacle, the ceo sees opportunity. >> this might diversify agriculture in michigan as we grow collectively. >> the investment in a neighbourhood on a rebound is welcomed by many who live here. they are on pace to produce 3,000 cases of premium liquor this year. in a warehouse where the aroma is intoxicating, these entrepreneurs see a future where the glass is always at least half full. >> holiday shopping gets a boost. u.s. shoppers spend nearly $10 billion on black friday, down 13% on last year. sales rose 2.3% overall compared to 2012 once thanksgiving day sales were added to the mi.. >> colorado communities are banding together to recover from the devastating flood in september. jamestown was nearly destroyed. we look at how residents are bouncing back. >> the music is back. with it the people are slowing returning to the foothills down in the
economists estimate the distillery business has the potential to boost the state economy by hundreds of millions of dollars. like many new businesses coming to detroit, the financial issues didn't deter them setting up shop. where some sees obstacle, the ceo sees opportunity. >> this might diversify agriculture in michigan as we grow collectively. >> the investment in a neighbourhood on a rebound is welcomed by many who live here. they are on pace to produce 3,000 cases of premium...
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Dec 6, 2013
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they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a couple of things that might really surprise you about a man you think you know a lot about. ♪ [ male announcer ] alka-seltzer plus presents the cold truth. [ sniffles, coughs ] shhhh! shhhh. [ coughs ] i have a cold with this annoying runny nose. [ sniffles ] i better take something. [ male announcer ] truth is, dayquil cold and flu doesn't treat all that. it doesn't? [ male announcer ] nope. [ sniffles ] alka-seltzer plus fights your worst cold symptoms plus has a fast acting antihistamine to relieve your runny nose. oh, what a relief it is! [ man ] shhhh! for fa
they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a...
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Dec 9, 2013
12/13
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MSNBCW
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work hard to get to the next level. it feels good when you reach point b, but you're not done. for you, "b" is not the end. capella university will take you further, because our competency-based curriculum gives you skills you can apply immediately, to move your career forward. to your point "c." capella university. start your journey at capella.edu. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla2
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work...
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Dec 2, 2013
12/13
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CNNW
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so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did storie
so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an...
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Dec 5, 2013
12/13
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KRON
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economy will add more jobs for the month of november and whether not they unemployment numbers will change. >> big software companies are abetting the next big trend in personal computers will be of the were both kind. microsoft research says that it's started developing a smart bra. it seems a distant oscar really help women who are for instance on diets. researchers said that this march bra would be embedded with physiological sensors. the sensors will monitor your heart activity to keep track of your emotions and help combat over eating. at this point, the product is not slated to actually go on the market. >> will be right back. ♪ me d yo.. irarlli uarechocate... a ltle ndezus savor r luiousilli coinedith r sl melng ccola. ♪ that ttleewarfor l e thgs y do.♪ onlyrom irarlli. >> welcome back. the time is 5:30 a.m.. we have released cold temperatures outside. a lot of people are just said 21 degrees. >> napa up was down to about 19 degrees. it looks like livermore is now a 28 degrees and vallejo was still in the lord 20's santa rosa is at 24 degrees. san mateo is at 29 degrees. the
economy will add more jobs for the month of november and whether not they unemployment numbers will change. >> big software companies are abetting the next big trend in personal computers will be of the were both kind. microsoft research says that it's started developing a smart bra. it seems a distant oscar really help women who are for instance on diets. researchers said that this march bra would be embedded with physiological sensors. the sensors will monitor your heart activity to...
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Dec 6, 2013
12/13
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economy is heating up. according to the latest jobs report, 203,000 people found work in november, and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that the fact that the economy grew at a rate of 3.6% in the third quarter, faster than initially thought, and it's no wonder the white house wants more. >> no one who works on these issues in the administration is satisfied. >> reporter: but analysts warn this warming trend is leaving too many americans out in the cold. >> if you're wealthy, you're feeling it but if you're in the middle or on the lower end of the economic spectrum, you really aren't. >> reporter: just look at the numbers. while the economy has recovered millions of lost jobs since the great recession, nearly six in ten americans say things are still going badly in the country. that's because in this recovery, there are two americas. wall street is booming, ending the week on a strong note. even as fast food workers were marching in the streets for higher w
economy is heating up. according to the latest jobs report, 203,000 people found work in november, and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that the fact that the economy grew at a rate of 3.6% in the third quarter, faster than initially thought, and it's no wonder the white house wants more. >> no one who works on these issues in the administration is satisfied. >> reporter: but analysts warn this warming trend is leaving too many...
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Dec 7, 2013
12/13
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KRON
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the u-s economy added more than 200-thousand jobs in november. gains of 183 thousand jobs. analysts say the strongest sectors are transportation, warehousing, health care and manufacturing. this is encouraging news for the 11 million americans who are still unemployed. >> another week is ending without a deal on the federal budget. and the party leaders who have been overseeing the talks have left washington d.c. for the weekend. meaning it will be at least next week before an agreement can be reached. if a budget committee can't reach a deal by friday the 13th -- another budget showdown is expected. >> a police officer in new mexico has now been suspended for shooting at a mini-van with children inside. laura toe-rein has the latest. >> the cops said this she was not cooperative and when she started to drive away they stated that the officer opened fire. because of this he is temporarily off of the job. we asked them why it took them over a month to see that this officer needs to be suspended. a spokesperson stated that he had no comment. a lot of people have a lot to say.
the u-s economy added more than 200-thousand jobs in november. gains of 183 thousand jobs. analysts say the strongest sectors are transportation, warehousing, health care and manufacturing. this is encouraging news for the 11 million americans who are still unemployed. >> another week is ending without a deal on the federal budget. and the party leaders who have been overseeing the talks have left washington d.c. for the weekend. meaning it will be at least next week before an agreement...
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Dec 3, 2013
12/13
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KPIX
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problems come up in any startup, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're going to just fix it. >> the white house expects a big traffic surge to the website in a few weeks. and that's when consumers will probably rush to get insurance coverage by january 1st. >>> we're seeing startling new images of a wrecked commuter train in new york city as the engineer reveals new details about the deadly crash. >> a warning for tourists on the island of maui. the troubling trend that has wildlife officials so concerned. ,,,,,,,,,,,,,,,, boston that gutted a five s building overnight. within >>> it took more than a dozen fire engines to battle a raging fire in boston that gutted a five-story building overnight. within minutes, flames were shooting out of control blowing out several windows. according to officials, janitors were inside when the fire started. they were able to evacuate safely through a back door. no one was injured. >>> autopsies are scheduled today on actor paul walker and his business partner, who both died in a fiery crash. th
problems come up in any startup, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're going to just fix it. >> the white house expects a big traffic surge to the website in a few weeks. and that's when consumers will probably rush to get insurance coverage by january 1st. >>> we're seeing startling new images of a wrecked commuter train in new york city as the engineer reveals new details about the deadly crash. >> a...
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Dec 3, 2013
12/13
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KRON
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people say if the economy is doing better the federal government will start tapering its bond buying. >>: housing numbers have been pretty good. we will take a look at those tomorrow. trucks and all those great. chrysler reported about 16 billion run away per year. that is a number we never thought we would get back to. so that's the story. the market is expanding. a little fear of the fence. we still know this company like this company. i think the bull market has another year plus to go to get twice earnings. i think we have another year but i think we're going to see some consolidation between now and then. >>mark: are is it the thought that we will get a slow rise in interest rates rather than a big jump. >>: yes and no. it's fascinating to look at. for the average person they are probably bored out of their mind bridge the average person at home the federal reserve has lowered the overnight lending to zero. the treasury bonds has proved up to 25262728 but the overnight is still almost as 0%. until we get unemployment about 6 1/2%. the cost of money is still pretty low. it's a lit
people say if the economy is doing better the federal government will start tapering its bond buying. >>: housing numbers have been pretty good. we will take a look at those tomorrow. trucks and all those great. chrysler reported about 16 billion run away per year. that is a number we never thought we would get back to. so that's the story. the market is expanding. a little fear of the fence. we still know this company like this company. i think the bull market has another year plus to go...
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Dec 7, 2013
12/13
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these days, signs the economy is recovering. >> more than doubled in sales. next year, we are planning to hire 150 people. >> reporter: that hiring trend reflects what is happening throughout the country with news that employers added $200,000 jobs for the last months. 40,000 in education and health care. 27,000 manufacturing jobs, 17,000 construction jobs. >> now, we are getting consistent jobs reports. it's positive. it's positive for the economy and people should feel generally better that conditions are improving. >> reporter: on closer look, the unemployment rate for adult men is 6.7%. for women, 6.2%. the numbers are higher for african-americans and teenagers. still, some worry washington's upcoming budget battles could threaten the recovery. >> the u.s. economy pays attention to what washington is doing but this is an unpredictable business. it makes it interesting, but hard to know, sort of, what washington does in the next week, month or year. what that means, how much the economy can recover and at what rate. >> reporter: there may be political unce
these days, signs the economy is recovering. >> more than doubled in sales. next year, we are planning to hire 150 people. >> reporter: that hiring trend reflects what is happening throughout the country with news that employers added $200,000 jobs for the last months. 40,000 in education and health care. 27,000 manufacturing jobs, 17,000 construction jobs. >> now, we are getting consistent jobs reports. it's positive. it's positive for the economy and people should feel...
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Dec 5, 2013
12/13
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KTVU
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. >>> more positive news about the economy has investors worried the federal reserve might scale back its stimulus effort soon. traders are also awaiting tomorrow's big employment report for november. taking a live look at the big board, the dow is down 67. the nasdaq down 5. and s&p down 7. >>> for the first time, twitter has named a woman to its board of directors. 66-year-old marjorie skardino will join the board immediately. she was the former ceo of pearson and former board member at nokia. twitter has been criticized for the lack of diversity on its board. >>> today, uc berkeley is expected to announce a new naming rights deal for the field at memorial stadium. under the 15-year, $18 million deal, the field will now be called kabam field. kabam is a video game producer for mobile devices. the money will be used to help pay off the $321 renovation and earthquake retrofitting of memorial stadium. >>> excellent attendance good classroom behavior are paying off for 200 oakland school kids. the howard elementary school kids are being treated to the zoo and met some as players. santa
. >>> more positive news about the economy has investors worried the federal reserve might scale back its stimulus effort soon. traders are also awaiting tomorrow's big employment report for november. taking a live look at the big board, the dow is down 67. the nasdaq down 5. and s&p down 7. >>> for the first time, twitter has named a woman to its board of directors. 66-year-old marjorie skardino will join the board immediately. she was the former ceo of pearson and former...
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Dec 2, 2013
12/13
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ALJAZAM
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the switch to cleaner energy could hurt an economy still recovering from the last recession. of course, coal does have emissions and you know, there are important issues, but we never really got focused on how to fix those. it was just throw it all out. >> mr. speaker. >> power and politics in ontario's parliament where there has been fierce criticism on its emphasis on green energy and it costs. the architects of the plans defend it ro robustly. >> you take all the costs involved, it ends up being cost effective. >> ontario's greenhouse gas emissions are lower as it becomes the first place in north america to give up coal. what isn't clear is whether local voters will agree with their government in fighting climate change is worth paying more for power. >> letting kids be kids. coming up, clowns put on a show for children in a syrian refugee camp. >> welcome back to al jazeera america. i'm stephanie sy. here are today's top headlines. thousands of new york city commuters had to find other ways to get to work after a trail derailed sunday just outside of manhattan. investigat
the switch to cleaner energy could hurt an economy still recovering from the last recession. of course, coal does have emissions and you know, there are important issues, but we never really got focused on how to fix those. it was just throw it all out. >> mr. speaker. >> power and politics in ontario's parliament where there has been fierce criticism on its emphasis on green energy and it costs. the architects of the plans defend it ro robustly. >> you take all the costs...
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Dec 2, 2013
12/13
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ALJAZAM
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some economists say the distillery business has a potential to boost the state economy by hundreds of millions of dollars. like many new businesses coming to detroit, the city's financial issues did not deter them from setting up shop. where some see obstacles peter bailey sees opportunity. >> this craft distilling movement might help diversify argentina in michigan even further as we start to grow collectively. >> reporter: and their investment in the neighborhood on the rebound is welcomed by many who live here. right now they're on pace to produce 3,000 cases of premium liquor this year. and in a warehouse where the aroma is literally intoxicating. these entrepreneurs see a future where the glass is always at least half full. bisi onile-ere, al jazeera, detroit. >> there are about 23,150 distilleries in the united states. >> meteorologist: and the pacific northwest is where we'll start. i'll meteorologist dave warren. look out for snow there. the elevation 4,000 along interstate 90. a storm effecting this region, the pacific northwest seeing a lot of moisture moving in, dumping rai
some economists say the distillery business has a potential to boost the state economy by hundreds of millions of dollars. like many new businesses coming to detroit, the city's financial issues did not deter them from setting up shop. where some see obstacles peter bailey sees opportunity. >> this craft distilling movement might help diversify argentina in michigan even further as we start to grow collectively. >> reporter: and their investment in the neighborhood on the rebound is...
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Dec 3, 2013
12/13
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CNNW
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. ther
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b...
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Dec 4, 2013
12/13
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CNNW
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but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm. lost about $1.3 billion on chrysler. ford never took the bailout. be very clear. ford never took the bailout, it was in a better position at the beginning of the financial crisis. but the u.s. taxpayer lost money on those two bailouts of chrysler and gm. but let's be clear. they could have lost a lot more. so there is what they have lost, that is just gm, but a lot of people say, wow, that ended up being a pretty good investment. gm since 2010 has invested $8.8 billion of either own money into 34 facilities and saved or created 25,000 jobs they say. and you have basically the a
but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm....
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Dec 8, 2013
12/13
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FOXNEWSW
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are getting on gold sanctions, petra chemicals, we think that's going to give them a boost for their economy and, for that, we do not get an agreement in which the centrifuges stop spinning. so from our standpoint in congress, we passed my legislation along with elliott engles with a vote to increase sanctions until we get the kind of agreement that we need. give the iotola a choice between economic implosion or true compromise. we don't see the compromise at this point especially with the comments being made by the foreign minister and president rouhani at this point. >> he does indicate that things are boosted and better. clearing feeling that this has been a good deal for the iranian people or at least for iranian leadership. today, benjamin netanyahu spoke at the forum and talked about the fact that history will be altered if iran gets nuclear weapons and also said that history is going to judge all of us, american leaders, israeli leaders and others about how they handled this delicate situation. do you think we're on the right or wrong path as far as how history will view this? >> hist
are getting on gold sanctions, petra chemicals, we think that's going to give them a boost for their economy and, for that, we do not get an agreement in which the centrifuges stop spinning. so from our standpoint in congress, we passed my legislation along with elliott engles with a vote to increase sanctions until we get the kind of agreement that we need. give the iotola a choice between economic implosion or true compromise. we don't see the compromise at this point especially with the...
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Dec 10, 2013
12/13
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KNTV
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wrestle mania expected to generate $100 million for the local economy. levi stadium also considered to host college football's national championship game in 2017, and of course it's hosting super bowl 50. >> cane and his wife pledged a $50,000 matching grant and challenge to the make-a-wish foundation, the foundation transformed san francisco into gotham city last month. helping make 5-year-old miles scott's wish come true. cane will give the money once its bay area executive director raises that amount. >> let's see how they do. not bad. great. >> i want to check the commute. not so great. >> folks riding b.a.r.t., big note out from the system, over from san francisco over to dublin there is no direct service. there is service but not direct service, you'll have to transfer trains to do some mechanical issues at daly city so things are disjointed as far as reports but i can tell you barlt says no direct service so heed that barning. we're looking here toward 880 and the drive you saw from the live look. flb not a problem from the coliseum in toward down
wrestle mania expected to generate $100 million for the local economy. levi stadium also considered to host college football's national championship game in 2017, and of course it's hosting super bowl 50. >> cane and his wife pledged a $50,000 matching grant and challenge to the make-a-wish foundation, the foundation transformed san francisco into gotham city last month. helping make 5-year-old miles scott's wish come true. cane will give the money once its bay area executive director...
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Dec 8, 2013
12/13
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CSPAN2
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and so that's the origin of the economy. what really changed, major change was when the fort was finally closed in 1898, and when they discovered a different route into the mining district, which people didn't have to go up and down the lake on steamboats. they were all rail lines around the lake. this little town was about to go under, but nobody knew this, while all of this is going on the our federal surveys going on in the entire pacific northwest determining what is the marketable timber? it's basically the white pines, millions of acres of white wines. so that report was made from this survey in 1898, the use thf fort was close. that report was made public and, of course, you can guess what happened in. all the major timber companies including the biggest one, warehouser, moves in and they came to this area. so that's really -- when you walk through the town today that's the town the primary produced -- the town's population was about 500 in 1900. by 1910 it was almost 8000. coeur d'alene today is a very modern product
and so that's the origin of the economy. what really changed, major change was when the fort was finally closed in 1898, and when they discovered a different route into the mining district, which people didn't have to go up and down the lake on steamboats. they were all rail lines around the lake. this little town was about to go under, but nobody knew this, while all of this is going on the our federal surveys going on in the entire pacific northwest determining what is the marketable timber?...
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Dec 6, 2013
12/13
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CSPAN
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five years ago, the united states economy was reeling from a devastating economy since the late depression -- since the great depression. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding toward the abyss. and millions of americans were losing their homes and their life savings. to make matters worse, to contain the damage and keep their economy from melting down completely, american taxpayers were forced to provide extraordinary assistance to financial institutions and other companies, many of which had taken risks that contributed to the economic crisis. the president faced an economy teetering on the edge. in response, he quickly moved to put out the financial fires, restore growth and get people back to work. but he was also determined to make sure that a financial crisis like this never happens again. produced the most copperheads of overhaul of our financial system since the great depression. bringing our financial system into the 21st century and creating tools to address a complex and ever-changing market -- and set of markets and in
five years ago, the united states economy was reeling from a devastating economy since the late depression -- since the great depression. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding toward the abyss. and millions of americans were losing their homes and their life savings. to make matters worse, to contain the damage and keep their economy from melting down completely, american taxpayers were forced to provide extraordinary assistance to...
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Dec 2, 2013
12/13
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CNNW
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i got thrown across back and forth and it came to like a halt and there was just people screaming. >> off the tracks. new information this morning on what caused that deadly train crash. we hear from passengers inside and investigators trying to determine what went wrong. >> growing threat. two of the country's intelligence leaders tell cnn the threat of terrorism is now greater than before. how real is it? >> caught on tape. the amazing rescue story, a ship submerged, the cook trapped live underwater for three days. we have the moment divers find him and bring him to safety. >> your "new day" continues right now. >> this is "new day" with chris cuomo, kate boldin, and ma kayla pereira. >> welcome back to "new day,"
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i got thrown across back and forth and it came to like a halt and there was just people screaming. >> off the tracks. new information this...
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Dec 3, 2013
12/13
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CNNW
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>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are to
>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest...
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Dec 8, 2013
12/13
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FOXNEWSW
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health care is about 7% of the economy. when you include health care insurance and all the other aspects, it increases by a large portion. this is about government control. this, again, gets back to the same issue of the federal government knowing better for you and your family than you know for yourself. >> okay. i get that. but not only are they knowing what's good for us, but now they know everything -- the nsa, you know. and now you've got the health care. they know who has this infection and that -- what's happening? >> far too much information. we need the federal government out of the way. we need the federal government -- >> are we too far gone? >> no, we are not. that's what you're seeing. you're seeing the american people stand up. 52% now say obama care should be repealed or replaced. i'm all for that. let's move forward with a real plan of action for health care reform. let's delay this whole thing. big business has a delay now. you know that small business has a delay. individuals -- >> we're not going to start
health care is about 7% of the economy. when you include health care insurance and all the other aspects, it increases by a large portion. this is about government control. this, again, gets back to the same issue of the federal government knowing better for you and your family than you know for yourself. >> okay. i get that. but not only are they knowing what's good for us, but now they know everything -- the nsa, you know. and now you've got the health care. they know who has this...
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Dec 4, 2013
12/13
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CSPAN
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let's give every american a fighting chance in today's economy. all right. thank you so much, everybody. god bless you. [applause] [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] [cheers and applause]
let's give every american a fighting chance in today's economy. all right. thank you so much, everybody. god bless you. [applause] [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] [cheers and applause]
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Dec 8, 2013
12/13
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KPIX
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. >> the question is how would this affect the economy? some would say it would hurt small businesses. but also it can spur the economy because workers will have extra money in their pocket. >> we always have these studies. you can get a study to say anything you want. i looked at three, one from university of mass, one from the industry and one from university of california. they say it could raise the price of a hamburger from 10 to 30%. instead of $3 it could be $3.20, $3.30, $3.60. are americans willing to pay that? that's the question. if you want americans and american wages are you going to pay for it? >> there is a look of maybe keep it with inflation. have the wage increase with inflation through the years. that's one of the things they're talking about. >> that's also a good way to get out of it politically because rather than having it vote to increase it, it just goes up. >> then the prices do too. >> we'll be talking about that in the next half hour, if there is a fair increase on the way. >> the city where electronic cigarett
. >> the question is how would this affect the economy? some would say it would hurt small businesses. but also it can spur the economy because workers will have extra money in their pocket. >> we always have these studies. you can get a study to say anything you want. i looked at three, one from university of mass, one from the industry and one from university of california. they say it could raise the price of a hamburger from 10 to 30%. instead of $3 it could be $3.20, $3.30,...
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Dec 7, 2013
12/13
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KPIX
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but what kind of jobs is the economy creating? an ice storm causes havoc t middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched.
but what kind of jobs is the economy creating? an ice storm causes havoc t middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched.
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Dec 4, 2013
12/13
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FOXNEWSW
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problems come up in any start-up, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up, we're going to just fix it. >> the problem is, and we detailed this yesterday -- is that up to, according to the "washington post," up to one third of the people who think they have signed up for insurance haven't because there are problems at the back end that elisabeth was talking about, the back end as charles krauthammer yesterday explained was the back end is essentially the cash register. how the insurance companies get paid am in the form of subsidies and stuff like that because it doesn't work right now. they've got to estimate until they figure it all out. actually until they invent the software. >> medicare and medicaid has not finished building part of the web site to transfer billions of collars to those insurance companies. >> what's the hurry? >> i thought the one thing that stood out as i mentioned yesterday, because i was listening on the radio on satellite radio, the president went on to say, he seemed remind offensive in his approach. the site has
problems come up in any start-up, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up, we're going to just fix it. >> the problem is, and we detailed this yesterday -- is that up to, according to the "washington post," up to one third of the people who think they have signed up for insurance haven't because there are problems at the back end that elisabeth was talking about, the back end as charles krauthammer yesterday explained...
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Dec 4, 2013
12/13
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FOXNEWSW
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the economy didn't always work for everyone. racial discrimination left millions of opportunity and women were confined to poorly paid professions and it was only through struggle that more women and minorities and americans with disabilities began to win warfare rights and participate in the economy. nevertheless, during the post-world war ii years, the economic ground helped disable most americans in the future looks brighter than the past. for some people, that meant following in her old man what steps and knowing that a blue-collar job let you buy a home and a car and maybe a vacation once in a while, health care and a reliable pension. in some cases, you may be the first person to graduate from college, without taking on a ton of debt, and able to function in a vibrant economy. it is true that even in those years, those claimed a much larger income than the rest. taking home about one third of our national income goes to the upper one third. it's an economy where everyone's wages and incomes were growing. and so the kid on
the economy didn't always work for everyone. racial discrimination left millions of opportunity and women were confined to poorly paid professions and it was only through struggle that more women and minorities and americans with disabilities began to win warfare rights and participate in the economy. nevertheless, during the post-world war ii years, the economic ground helped disable most americans in the future looks brighter than the past. for some people, that meant following in her old man...
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Dec 6, 2013
12/13
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CNNW
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let's talk economy. the new government jobs report has turned out to be an early holiday gift for us in the u.s. with the unemployment rate at its lowest since 2008. look at the number in red, 7%. last month, 203,000 jobs were created, beating many economists' expectations and more importantly, the numbers behind this jobs report show that the hiring isn't just for those $9 an hour jobs, but also for higher paying positions. let's talk about this with our senior economist at bloomberg government. and christine roman, who stayed up for us and we appreciate you, christine. cnn chief business correspondent and host of "your money." christine, first to you. we know november means holiday shopping for most of us, if you think ahead, which means seasonal workers. when we look at these numbers, did the government adjust for that? >> oh, yeah, and i'm going to tell you this is a pretty broad-based jobs gain. it wasn't just bartenders and waitresses, not just stocking the shelves. it was broad based. you look at
let's talk economy. the new government jobs report has turned out to be an early holiday gift for us in the u.s. with the unemployment rate at its lowest since 2008. look at the number in red, 7%. last month, 203,000 jobs were created, beating many economists' expectations and more importantly, the numbers behind this jobs report show that the hiring isn't just for those $9 an hour jobs, but also for higher paying positions. let's talk about this with our senior economist at bloomberg...
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Dec 4, 2013
12/13
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talking about the economy and the income gap between rich and poor. let's listen in. >> would let you buy a home and a car, maybe a vacation once in a while, healthcare, reliable pension. for others it meant going to college. in some cases, maybe the first in your family to go to college. it meant graduating bought taking on loads of debt and being able to count on advancement through a vibrant job market. now, it's true that those at the top, even in those years claimed a much larger share of income than the rest. the top 10% took home about one- third of our national income. but that kind of inequality took place in a dynamic market economy where everyone's wages and incomes were growing. and because of upward mobility, the guy on the factory floor could have his kid around the company some day. but starting in the late '70s, this social compact began to unravel. technology made it easier for companies to do more with less. eliminating certain job occupations. a more competitive world let companies ship jobs anyway. as good manufacturing jobs headed
talking about the economy and the income gap between rich and poor. let's listen in. >> would let you buy a home and a car, maybe a vacation once in a while, healthcare, reliable pension. for others it meant going to college. in some cases, maybe the first in your family to go to college. it meant graduating bought taking on loads of debt and being able to count on advancement through a vibrant job market. now, it's true that those at the top, even in those years claimed a much larger...
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Dec 6, 2013
12/13
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. >> reporter: it's part of a grim larger picture of the economy. >> they are bad jobs, most of them. the jobs that are coming back pay less than the jobs we lost in the great recession. we have a growing army of low- wageworkers. >> reporter: but the story did not start with the recession. it goes back decades. >> starvation of wages and decline, in fact of many people's wage, has been going on since the late 1970s. we didn't really recognize that. >> reporter: instead americans found different ways to cope. in the '70s and '80s, huge numbers of women entered the workplace, partly to boost their family income. in the '90s, americans found themselves working longer hours. when they didn't work, people used their homes as piggy banks or backed out their credit cards. >> and now all of the coping mechanisms are exhausted. people have to face the fact that wages are going nowhere. >> reporter: that hurt the any for all of us. >> if they don't get paid more, they can't turn around and buy stuff. >> reporter: the cost that employers will not cover, that's picked up by you. >> rest of us su
. >> reporter: it's part of a grim larger picture of the economy. >> they are bad jobs, most of them. the jobs that are coming back pay less than the jobs we lost in the great recession. we have a growing army of low- wageworkers. >> reporter: but the story did not start with the recession. it goes back decades. >> starvation of wages and decline, in fact of many people's wage, has been going on since the late 1970s. we didn't really recognize that. >> reporter:...
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Dec 7, 2013
12/13
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not bad for a creaky economy. right? >> having that first number start with a 2, having the 200,000-plus job numbers is really good. people will be encouraged by that. >> reporter: gregory roston with stanford's institute for economic policy research says the economy is showing positive signs, but he cautions we still have a low labor participation rate, meaning plenty of folks are staying on the sidelines not looking for work or they're underemployed. >> pass a one-year delay of obama care. >> reporter: as for those shenanigans in washington, did we really survive unscathed? roston says that's extremely unlikely despite recent news. >> is this validation to all those folks, don't worry about a government shutdown, it won't really hurt our economy? >> i don't think so. this is something where you don't know what would have happened if we hadn't had the shutdown. we could have gotten this 250,000 job increase. there were a lot of people who cut gback on spending. consumer spenting dropped a lot. you had contractors who di
not bad for a creaky economy. right? >> having that first number start with a 2, having the 200,000-plus job numbers is really good. people will be encouraged by that. >> reporter: gregory roston with stanford's institute for economic policy research says the economy is showing positive signs, but he cautions we still have a low labor participation rate, meaning plenty of folks are staying on the sidelines not looking for work or they're underemployed. >> pass a one-year delay...
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Dec 6, 2013
12/13
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the economy is getting stronger, and finally wall street thinks good news is really actually for real good news. the jobs report shows the economy adding more jobs, 203,000 of them, jenna, like you said, more than 180,000 expected. the bulk of those jobs were in transportation, health care, manufacturing, so jobs that pay more. and the unemployment rate dropped sharply from 7.3% in october to 7% last month and, yes, that was a five-year low. now, the main reason we've had some furloughed federal workers return to their job after the government shutdown, and here's another positive for you, workers not only got more hours last month, but they were paid more too, and eventually that could be good news for retailers. the translation? on wall street, rally. the jobs data is further proof that the economy is recovering enough for the fed to begin scaling back its monetary stimulus program. that so-called taper, it could happen this month at the december 18th fed meeting or perhaps just before march, and as you can see from the markets' reaction today with the dow up over 150 points, invest
the economy is getting stronger, and finally wall street thinks good news is really actually for real good news. the jobs report shows the economy adding more jobs, 203,000 of them, jenna, like you said, more than 180,000 expected. the bulk of those jobs were in transportation, health care, manufacturing, so jobs that pay more. and the unemployment rate dropped sharply from 7.3% in october to 7% last month and, yes, that was a five-year low. now, the main reason we've had some furloughed...
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Dec 7, 2013
12/13
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on the other side as well, came out and said that is what happens, standard and poor's says the cost economy is $1 million, they just make those numbers up. is not true. wait a minute, standard and poor's is a different agency, they are moving out, that lenders out there and that does have an effect and you take the ordinary citizen and they're trying to decide what is in the best interest of their family or with you want to go in their country and having a hard time making decisions because we have a woman who works in montana, a wonderful friend who does a great job, three times week she comes across a bridge in the river quite wide eyed, you won't believe what i read on the internet. i always say the same thing. i am not going to believe what you read on the internet. >> we talked before hand, we fought to give you a sense of a very personal nature, what comes through in these letters is arthur was not only a preeminent historian, he would have two martinis and go back and write 5,000 words. what comes through with their he is having a dustup with nathaniel buckley or somebody else is the
on the other side as well, came out and said that is what happens, standard and poor's says the cost economy is $1 million, they just make those numbers up. is not true. wait a minute, standard and poor's is a different agency, they are moving out, that lenders out there and that does have an effect and you take the ordinary citizen and they're trying to decide what is in the best interest of their family or with you want to go in their country and having a hard time making decisions because we...
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Dec 3, 2013
12/13
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keep in mind, that's as the economy improves, there's still so manpeople out there suffering. >>> it is gog to be cold. let's get the latestor u. >> spenc christian is tracking it. spencer? >>> yes, the cold snap will make us quickly forget about the mild spell we just had. live doppler 7 h.d. up north, a shrinking area of light rain. it was a much wider area earlier moving south of eureka toward mend cito county and the bay area. not the possibility of showers we're concerned about but thea, rival of very cold air. a freeze watch is in effect for tuesday night, tomorrow into wednesday morning for the north bay, the strait and lta. subfreezing temperatures will be spread all across this area. possle damage to sensitive plant and exposedpipes. now the following morning or night, wednesday into thursday morning, the freeze watch expands to virtually all of the bay area with the exception of safrancisco. it will be even colder with still freezing temperatures spreadg southward. there's an increased risk of hypothermia. as we look liverom the east bay hills camera, here's the projected m
keep in mind, that's as the economy improves, there's still so manpeople out there suffering. >>> it is gog to be cold. let's get the latestor u. >> spenc christian is tracking it. spencer? >>> yes, the cold snap will make us quickly forget about the mild spell we just had. live doppler 7 h.d. up north, a shrinking area of light rain. it was a much wider area earlier moving south of eureka toward mend cito county and the bay area. not the possibility of showers we're...